Mmd asked:
Does a California licensed Real Estate Broker have to disclose that he is such in a lease/option agreement for the lease of his own house to another person?
If so. What is the reference to California law that requires such a disclosure?
Does a California licensed Real Estate Broker have to disclose that he is such in a lease/option agreement for the lease of his own house to another person?
If so. What is the reference to California law that requires such a disclosure?
Yes, you are required to disclose that you hold a real estate license. Please see pages 35-36 of the PDF provided in the URL. (Agency relationships disclosure)
If it is a lease to BUY (or own), then yes, everytime a real estate agent OR broker is selling his own property, he/she must disclose that he or she is an RE Agent. I apologize that I do not have the exact law or website to send you to. I just remember it from my California Real Estate Law class. I got an A. Very hard class too! Worked my butt off!
If you are a member of the National Assoc. of Realtors, you’re obligated under the Code of Ethics to disclose this to a potential buyer/tenant.
As far as state specific regulations, I can’t help since I’m not in California.
Yes. Legally and ethically a person holding a real estate license is required to disclose this fact.